Virtu Financial LLC lifted its stake in CNX Resources Corp (NYSE:CNX) by 16.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,487 shares of the oil and gas producer’s stock after purchasing an additional 2,438 shares during the period. Virtu Financial LLC’s holdings in CNX Resources were worth $188,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in CNX Resources in the first quarter worth about $147,000. First Citizens Bank & Trust Co. lifted its stake in CNX Resources by 43.6% in the first quarter. First Citizens Bank & Trust Co. now owns 32,073 shares of the oil and gas producer’s stock worth $345,000 after purchasing an additional 9,745 shares during the last quarter. MUFG Securities EMEA plc lifted its stake in CNX Resources by 29.1% in the fourth quarter. MUFG Securities EMEA plc now owns 195,160 shares of the oil and gas producer’s stock worth $2,229,000 after purchasing an additional 43,960 shares during the last quarter. Geode Capital Management LLC lifted its stake in CNX Resources by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 1,999,815 shares of the oil and gas producer’s stock worth $22,837,000 after purchasing an additional 79,739 shares during the last quarter. Finally, Norges Bank bought a new stake in CNX Resources in the fourth quarter worth about $41,498,000. Hedge funds and other institutional investors own 98.10% of the company’s stock.
CNX stock traded down $0.47 during trading on Wednesday, hitting $7.82. 4,594,300 shares of the company’s stock traded hands, compared to its average volume of 3,596,961. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 5.11 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 0.49. CNX Resources Corp has a 1 year low of $7.67 and a 1 year high of $18.37.
CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.07). CNX Resources had a net margin of 12.00% and a return on equity of 5.66%. The business had revenue of $278.40 million for the quarter, compared to analysts’ expectations of $408.29 million. During the same period in the previous year, the business earned $0.19 earnings per share. The business’s quarterly revenue was down 43.8% compared to the same quarter last year. Analysts anticipate that CNX Resources Corp will post 0.69 EPS for the current fiscal year.
CNX has been the subject of several analyst reports. Zacks Investment Research downgraded shares of CNX Resources from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine lowered shares of CNX Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 31st. Tudor Pickering lowered shares of CNX Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 1st. Susquehanna Bancshares set a $11.00 target price on shares of CNX Resources and gave the stock a “hold” rating in a research report on Saturday, February 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $15.00 target price on shares of CNX Resources in a research report on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.83.
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CNX Resources Profile
CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
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